Fifteen telecom companies owe the government Rs 92,642 crore in unpaid licence fee and another Rs 55,054 crore in outstanding spectrum usage charges
While Bharti Airtel has infused Rs 180.22 crore into Airtel Payments Bank, Bharti Enterprises has injected Rs 44.77 crore.
Fifteen telecom companies owe the government Rs 92,642 crore in unpaid licence fee and another Rs 55,054 crore in outstanding spectrum usage charges.
Bajaj Finance closed 5 per cent higher on the BSE after the NBFC reported its highest ever quarterly consolidated net profit at Rs 1,614.11 crore in the December quarter of FY20, up 52 per cent YoY
Bharti Airtel said it has not applied for any such license since April 2018 as there was no operational need for the same
Airtel has not taken any such licence since April 2018
Operating profit for the telecom entity rose 24 per cent to $399 million.
It added that the group has adequate committed and non-committed facilities to operate as a going concern.
Heavyweight Bharti Airtel declined 4 per cent in the afternoon trade today and was the top loser after media reports suggested that the company has been blacklisted by DGFT
The move suggested by telcos, if executed, will bring in additional revenues of Rs 22,077 crore from Bharti Airtel, Vodafone Idea, and the Tatas in this fiscal year
Earlier this month, the telecom company introduced a Rs 279 prepaid plan, with Rs 4 lakh insurance cover from HDFC Life
The company has made provision of Rs 177 crore to pay for the government revenue share based on the Supreme Court judgement dated October 24, 2019.
Bharti Airtel, Voda Idea and the Tatas are set to miuss the Jan 24 deadline as they would wait until next week, when their "modification" petition will be heard by the SC, before making AGR payments
Government will stop collecting annual licence fee and spectrum usage charge from operators, according to the tentative proposal. Instead, the operators will give fees to the SPV.
Jio had not been party to the review petition and had a different stance on the matter
In addition to the financial muscle, Singtel's expertise in next-generation technologies should also help Bharti Airtel. Singtel is expected to roll out a nationwide 5G network in Singapore
The Department of Telecom has approved raising of foreign direct investment (FDI) in the company to 100 per cent from 49 per cent allowed earlier.
Bharti Airtel will be in focus after the Department of Telecom approved raising of foreign direct investment in the company to 100 per cent from 49 per cent allowed earlier
The approval comes just days before the company has to clear statutory liabilities of up to nearly Rs 35,586 cr, of which Rs 21,682 cr is licence fee and another Rs 13,904.01 cr is spectrum dues
Telcos discuss giving January 24 deadline a miss